ignite technology transfer office commercialisation grants tto commercialisation programme ruairi...
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Ignite Technology Transfer Office
Commercialisation Grants
TTO Commercialisation Programme
Ruairi Friel PhD, MBA
Ignite Technology Transfer Office
NUI Galway
November 13th, 2012
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Outline
• Purpose of commercialisation grants• Range of commercialisation grants• What questions need to be addressed• Grant examples
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Purpose of Commercialisation Grants: Mind the gap
early-stage research
commercialisable technology
Funding gap
funding
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Filling the Funding Gap
• Prototyping• Proof-of-concept
– Cell culture– In vitro studies
• Small animal studies• Regulatory issues• Market validation
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Outcome of commercialisation grant
• Validation:– Proof that market/need exists– Proof that concept works– Path to market established
– Moved concept further along the value chain
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Range of commercialisation grants – third level institutes
• SFI: Technology Innovation Development Award (TIDA)• ~1 year, €100khttp://www.sfi.ie/funding/funding-calls/closed-calls/joint-sfi-ei-technology-innovation-development-award-tida-feasibility-study-2012/
• EI: Commercialisation Fund• Commercial Case Feasibility Grant
– ~4 months, €15k – desk-based study…no lab work
• Commercialisation Fund– 1-3 years, up to €350k
• http://www.enterprise-ireland.com/en/Funding-Supports/Researcher/Funding-to-Commercialise-Research/Commercialisation-Fund.html
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Range of commercialisation grants – partner with companies
• Enterprise Ireland:– Innovation Vouchers: €5-9k
https://innovationvouchers.ie
– Innovation Partnerships: €100-250khttp://www.enterprise-ireland.com/EI_Corporate/en/Research-Innovation/Companies/IPP-Brochure.pdf
• Intertrade Ireland:– Fusion programme: £16-23,250khttp://www.intertradeireland.com/fusion/academics/
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Range of commercialisation grants – partner with companies
• IRCSET– EMPOWER/ EMBARK: PhD/Post-doc– Enterprise Partnership Scheme
http://www.research.ie/scheme/enterprise-partnership-scheme
• EU– FP7 consortia– IAPP– ITN
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Other funding sources?
• Not an exhaustive list:– Other funders…– Charities…
Be creative!
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General: what questions to be addressed
• Why should your commercial project get funded?
• “We can make it for X and sell it for Y – big profits!!”– How big is the market though?
• “Company X sell it, and they’re huge”– Company X sell this and 2,000 other items
X
X
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what questions to be addressed
• Licensing or spin-out opportunity?• Is there a market need? i.e. actual need not a perceived one
– How is this validated?• How large is the market? (validation)• What’s the USP of your product compared to competitor’s?
– Price? Technical?• How innovative is your product? (patent protection? Know-how?)• Path-to-market? Regulatory issues? Manufacturing? Distribution?• Cost-to-market? Clinical trials? Manufacturing scale-up?
Market Opportunity ExistsCredibleRealistic
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How do I achieve this?
• Secondary research: market reports available?– Caution: ensure the information is specific to your market
e.g. global diagnostics market: $XBn p.a.• Primary research:
– End-users: who is your end-user?– Key Opinion Leaders (KOL)– Industry– Specialists (IP, Regulatory, manufacturing etc.)– Letters of support
NDAs!!
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Examples: EI commercial case feasibility study
• EI: commercial case feasibility study– Used to lead into a full Commercialisation Fund
application – rolling calls– Used to address lack of market knowledge, make industry
contacts, build commercial case– Applied in conjunction with TTO– Hire external consultant to perform study
– End result: report and full CF application
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EI: Commercialisation Fund
• Projects: “that address a gap or need in the market by developing innovative technologies that will ideally be ready for licensing to Irish industry or may form the basis of a new start-up in 2-5 years”
• 2-3 calls per year– Typically Feb, (Aug), Oct
• Apply via TTO and EI commercialisation specialist• Staged projects: 1-3 stages: stop/go
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EI: Commercialisation Fund
• Evaluation Process:– 2 stage process– Phase 1: internal review
• Commercial case: size of market, validation of market• Irish economic impact: opportunity, route of exploitation• Technology innovation: innovation, feasibility
– Phase 2: internal/external panel review:• Workplan, budget, management etc
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SFI: TIDA Feasibility
• Earlier stage wrt EI Commercialisation Fund• Restrictions re: eligible applicants• Aims:
– Demonstrate feasibility of an innovative idea for commercial benefit
– Develop awareness of the commercialisation process– Encourage movement from academic to enterprise
activities
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TIDA: review process
• Quality and novelty of the proposed innovation;• Potential commercial opportunities for the proposed innovation;• Significance, including usefulness of the proposed innovation; • Strategic impact of the proposed innovation;• Fit with National Research Prioritisation areas ;• Level of previous EI funding; in cases where applications are deemed to
be of equal merit, preference will be given to applicants who have not previously secured EI funding;
• Opportunities for Convergence.
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TIDA: application
• Project proposal: 5 pages– What evidence for a commercial opportunity?– What question does this proposal address?– Why is this question significant?– How will the question be addressed and what are the
expected outcomes?– Track-record of success
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• Questions?• Comments?